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25-05-11, 01:51 PM
Join Date: Sep 2010
Location: Warrington, North West England
Originally Posted by
It depends on how empowered he is. They have people in charge of groups of publications that Marcus and Geoff (DCM) and and Chris (P+) report to. I do not have a magazine with me, but some of this is listed on the details page where the editors and contributors, etc are listed. Given that Future has so many publications they have a bureaucracy before things get to the top with CEO Stevie Spring.
I would expect changes soon, changes cost money. Looking at Future's half year we see this:
Results: H1 11 H1 10
Revenue £68.8m £71.4m
EBITA * £2.4m £4.4m
EBITA margin 3.5% 6.2%
Operating profit £1.8m £3.0m
Reported Pre-tax profit £1.2m £2.2m
Earnings per share (p) 0.2p 0.4p
Adj ** earnings/share (p) 0.4p 0.7p
Dividends (p/share) 0.5p 0.5p
* EBITA represents operating profit before amortisation of intangible assets.
** Adjusted earnings per share are based on statutory results, but exclude amortisation of intangibles and related tax effects.
So, revenue is down, profits are down.
Could also be part of the reason they are requesting £10 for the POTY (and why many haven't contributed here recently - maybe they've gone....)
One thing for sure, the magazine needs to keep improving along with it's website - readers are not very loyal for long and always want the best....
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